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Shotgun Gold Project – Alaska
NOV, 2013
Company Overview
“Lead Project Generator”
• Mineral Exploration:
– Precious Metals and Base Metals
– Strategic Focus on Rare Metals and Rare Earth Elements

• Proven Business Model:
–
–
–
–

Early Identification and Acquisition of Mineral Prospects
Selectively Advance Projects Internally
Employ JV Partnerships to Diversify Costs and Risk
Maximum Value Achieved Over Minimum Period of Time

• 65% Owned by Insiders and Management
• Experienced Management Team
Corporate Structure
Unlocking
Value
TNR GOLD CORP.
TNR.TSXV

Multi-Commodity
Multi-Jurisdiction
Exposure

Minera Solitario Argentina
Projects
Cu-Au

International Lithium Corp.
(ILC:TSX.V)
Li + Rare Metals
(25.5% Equity owner)

Amerigold Corp.
Alaskan Projects
Au

Generating
Quality
Asset Base
ILC Spinoff
Successfully Listed
May 24, 2011
TNR shareholders
received 1 unit for
every 4 shares of
TNR held
Project Locations
ALASKA

Shotgun

Vancouver

LEGEND

ARGENTINA

Los Azules
Au
Au-Cu
Office
Gold Corp.

Actively Sourcing Additional Opportunities
Alaska Projects

1. Shotgun (Au)

Fort Knox

Donlin Style intrusion
associated gold

Pogo
Donlin

Shotgun
Pebble

•

Donlin, owned by Barrick and NovaGold, has M&I resources of 39 million ounces gold*.

*Novagold website
Shotgun Project, Alaska
Inferred Resource Estimate *:
Shotgun Resource Estimate - modelled at an ~ 0.3 to 0.5 g/t cut-off.
Au Cut-off

Tonnes

Grade (g/t)

Ounces

0.3 g/t

24,509,842

0.96

759,442

0.5 g/t

20,734,313

1.06

705,960

0.7 g/t

14,779,225

1.24

590,600

1.0 g/t

9,101,458

1.49

437,365

* The Shotgun Ridge prospect contains an inferred mineral resource of 20,734,313 tonnes at 1.06 grams per tonne (“g/t”) for a total of 705,960
ounces gold (“Au”) using a 0.5 g/t Au cut-off. The inferred mineral resource estimate was prepared by Allan Armitage, PhD., P.Geol., of
GeoVector Management Inc., a Qualified Person as defined by the Canadian Institute of Mining (CIM) Definition Standards for Mineral Resources
and Mineral Reserves and the National Instrument 43-101 Standards of Disclosure for Mineral Projects.
The Shotgun Zone mineral resource estimate, publicly reported on April 22, 2013, is based on 34 diamond drill holes (NQ) totalling 4,932.3
metres, with 2,481 assays (0.2 up to 10 metres in length). Holes were drilled by several operators in five drill campaigns conducted between
1984 and 2012. The 34 drill holes are spaced primarily 40 to 100 metres apart in an area of approximately 375 x 300 metres. The drill holes
tested mineralization to a vertical depth up to 150 metres.
A resource model for the Shotgun Zone was constructed based on the distribution of the gold mineralization (> 0.3 to 0.5 g/t Au) and this model
was used to constrain the composite values chosen for interpolation. A block model with block dimensions of 5 x 5 x 5 metres in the x, y and z
directions was placed over resource model solids with only that proportion of each block below the topographic/overburden surface and inside
the solid recorded.
Grades for gold were interpolated into the blocks by the inverse distance squared (“ID2”) method using a minimum of 2 and maximum of 12
composites to generate block grades in the Inferred resource category. The search ellipse used to interpolate grade into the blocks measured
110 x 60 x 110 (Principle Az – 235°, Principle Dip - 25°, Intermediate Az.- 325°). The size and orientation of the search ellipse approximates the
strike, dip and thickness of the resource model and takes into account the limited drilling and relatively wide spacing of the drilling.
There are currently no known encumbrances with regards to legal, political, environmental or other risks that could materially affect the
potential development of the Shotgun Ridge prospect, and however, the EPA is conducting an environmental review of the Bristol Bay
watershed in response to the proposed development of the Pebble Deposit, approximately 150 kilometres to the southeast of Shotgun Ridge.
The mineral resources reported herein are classified as inferred mineral resources according the CIM Definition Standards for Mineral Resources
and Mineral Reserves. No economic studies were undertaken on this mineral resource estimate and it should be noted that mineral resources
are not mineral reserves and there is no guarantee that the current mineral resource at Shotgun Ridge will result in an economically viable
deposit.
Shotgun Project, Alaska
• 4 mineralized target areas
• 96 mineral claims (3,658 ha)

Exploration Drilling History
PROSPECT

COMPANY

YEAR

DRILLING
(m)

Cominco
NovaGold
TNR Gold

1984,88
1998
2006
2012

TNR Gold

2005

301

TNR Gold

2005

145

TNR Gold

2005
2006

535
1,118

Shotgun Ridge
226
3,107
762
814

Shot
King
Winchester

7,008

25 km

• Elevation: 200 – 850m

Camp
Shotgun Project, Alaska

• Predominantly underlain by
Cretaceous sediments of the
Kuskokwim Group
• Granite to syenite intrusive bodies
intruded the Kuskokwim Group
• Some of these intrusions appear to be
directly related to gold mineralization
• north-south oriented string of gold
prospects

Ridges that are resistant to weathering
are indicative of alteration centers and
are the Prime Exploration Targets

25 km

Geology
Shotgun Ridge – 2006 Drill Program

06-43 @ 102m

27.4m of 2.3 g/t Au

• TNR’s drill hole 2006-43 returns 210m of 1.29g/t Au, including 27.4m of 2.3 g/t Au
• Drilling reveals a model of “Southwest dipping mineralized zones”
• New potential to significantly expand mineralization at depth
2011: 3D IP/Resistivity Survey
3D Modelled Resistivity
50m below surface

06-43 @ 102m

100m

27.4m of 2.3 g/t Au

• In 2011, TNR conducted a 3D IP and Resistivity survey over the Shotgun Ridge prospect
• Results were able to map structural controls on mineralization in 3D, through the ridge
• These interpretations provided a basis for 2012 drill targeting
Shotgun Ridge –2012 Drilling on 3D IP
• Location of 2012 drill holes relative to DDH 06-43
• Drill holes plotted in sliced section through semitransparent 3D IP voxel
50m
40m

100m

12-56
06-43
12-57

12-58

OPEN

• 2012 drilling designed to test and confirm structural model of mineralization along strike
and at depth – mineralization remains open at depth
• Resistivity and chargeability jointly correlate with gold mineralization
Shotgun Ridge – 2012 Drilling Program

NE-Zone

Mid-Zone
SW-Zone

22m of 2.86 g/t Au
27.4m of 2.3 g/t Au

• DDH 12-56 drilled 50m northwest of 06-43
• 12-56 returns 242m of 1.25g/t Au, including 22.1m of 2.86 g/t Au
• Grade continuity is confirmed between two previous fences
Shotgun Ridge – 2012 Drilling Program

NE-Zone

Mid-Zone
SW-Zone

22m of 2.86 g/t Au
27.4m of 2.3 g/t Au
18.4m of 2.03 g/t Au

• DDH 12-57 and 12-58 drilled 40m south-southwest of 06-43
• 12-57 returns 209m of 1.02g/t Au over all three zones (SW+Mid+NE)
• 12-58 returns 46.55m of 1.14 g/t Au over the SW zone
Shotgun Ridge – 2012 IP Surveys

100m

• Mineralization in 12-56 shows good correlation with chargeability
• Higher gold grades encountered in Quartz-Feldspar-Porphyry (QFP)
• Mineralization is shallow and open at depth (ie topographic effect)
Shotgun Ridge – 2012 IP Surveys

SW Zone
?
NE Zone

• Mineralization in 12-57 shows NE Zone continuing down-dip in structure defined by IP
• 12-58 shows elevated gold grades encountered down-dip in SW Zone
• Mineralization is open at depth – relative chargeability low shows much more potential
Shotgun Ridge – Expanded Target Area
Kuskokwim Sediments

3D IP/Resistivity surveys
expand the target area at
Shotgun Ridge
• Zone of mineralization and
current resource estimate
(slide 6)
• Mineralization mostly in Qtzfeldspar porphyry (QFP)

Qtz-feldspar porphyry

1500m

Generalized Geology at Shotgun Ridge
Shotgun Ridge – Expanded Target Area
Kuskokwim Sediments

3D IP/Resistivity surveys
expand the target area at
Shotgun Ridge
• Zone of mineralization and
current resource estimate
(slide 6)
• Mineralization mostly in Qtzfeldspar porphyry (QFP)

Qtz-feldspar porphyry

• 3D IP shows higher
chargeabilities in QFP

1500m

• Elevated chargeabilities
connected at depth

Generalized Geology at Shotgun Ridge
3D IP level plan at 600m elevation

• Significant potential to add
to gold resource
Shotgun Ridge – Understanding Targets
Kuskokwim Sediments

?

Targets are defined by
structural interpretation and
3D IP surveys
• NE trending structures w/
strike slip movement
• Mineralization mostly in QFP
breccia zones, sub parallel
to ridge topography

?

Qtz-feldspar porphyry

• Structural repetition
interpreted from geophysics

1500m

• Opportunity to significantly
expand resource

Generalized Geology at Shotgun Ridge
• Mineralization open at depth

3D IP level plan at 600m elevation
Shotgun Ridge – Understanding Targets
Kuskokwim Sediments

?

Targets are defined by
structural interpretation and
3D IP surveys
• NE trending structures w/
strike slip movement
• Mineralization mostly in QFP
breccia zones, sub parallel
to ridge topography

?

Qtz-feldspar porphyry

• Structural repetition
interpreted from geophysics

1500m

• Opportunity to significantly
expand resource

Generalized Geology at Shotgun Ridge
• Mineralization open at depth

Regional Magnetic Image
Shotgun Project, Alaska

• Shotgun Ridge is just one of multiple
gold target areas
• Gold mineralization identified at each
prospect: Shot, King, and Winchester
• This group of prospects forms a
distinct gold district held 100% by TNR
• Surface geochemistry identifies
multiple gold anomalies with no
known source
• Poor outcrop limited prospecting
efforts in the past
• IP surveys identify mineralized areas

25 km

Camp Scale Opportunity
Summary
Discovery and Early Exploration

• 1998 mineralization is interpreted to have a “cap” or inverted bowl shape
• 2006 mineralization reinterpreted as structurally controlled with deep feeders
• Structurally controlled “Southwest Dipping Mineralized Zones” identified
• IP and resistivity surveys highlight gold mineralized breccias (hornfelsed sediments
and porphyritic intrusive)
• 2012 drill program designed to test predictability of mineralized zones
• Mineralization model confirmed
Way Forward – Advanced Exploration and Resource Definition
1. Acquire strategic partner to jointly advance project

2. Ensure stakeholders are informed on project developments, and maintain best
practises for community relations and involvement
3. Design significant drill program to define full resource potential
4. Explore potential of other target areas (Shot, King, and Winchester)
Contact Information

Address
P.O. Box 11604
620 - 650 West Georgia St.
Vancouver, British Columbia
V6B 4N9, Canada

Phone: (604) 687-7551
Fax: (604) 687-4670
Toll Free: 1-800-667-4470
E-mail: info@tnrgoldcorp.com

Caroline Klukowski
Manager, Corporate Communications

E-mail: ck@tnrgoldcorp.com

Gary Schellenberg
President
E-mail: cmggary@gmail.com
Disclaimer
The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this presentation. Statements in this
presentation other than purely historical information, historical estimates should
not be relied upon, including statements relating to the Company’s future plans
and objectives or expected results, are forward-looking statements. This
presentation contains certain "Forward-Looking Statements" within the meaning
of Section 21E of the United States Securities Exchange Act of 1934, as
amended. Forward-looking statements are based on numerous assumptions and
are subject to all of the risks and uncertainties inherent in the Company’s
business, including risks inherent in resource exploration and development. As a
result, actual results might vary materially from those described in this
presentation. Readers should verify any & all claims and do their due diligence
before investing in any securities mentioned. Investing in securities is
speculative and carries a high degree of risk.
Disclosure
John Harrop, PGeo, FGS, Vice President of Exploration of the Company is a
"Qualified Person" as defined under NI 43-101 has reviewed and approved the
technical content of this document.

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TNR Gold Shotgun Gold Project in Alaska Presentation.

  • 1. Shotgun Gold Project – Alaska NOV, 2013
  • 2. Company Overview “Lead Project Generator” • Mineral Exploration: – Precious Metals and Base Metals – Strategic Focus on Rare Metals and Rare Earth Elements • Proven Business Model: – – – – Early Identification and Acquisition of Mineral Prospects Selectively Advance Projects Internally Employ JV Partnerships to Diversify Costs and Risk Maximum Value Achieved Over Minimum Period of Time • 65% Owned by Insiders and Management • Experienced Management Team
  • 3. Corporate Structure Unlocking Value TNR GOLD CORP. TNR.TSXV Multi-Commodity Multi-Jurisdiction Exposure Minera Solitario Argentina Projects Cu-Au International Lithium Corp. (ILC:TSX.V) Li + Rare Metals (25.5% Equity owner) Amerigold Corp. Alaskan Projects Au Generating Quality Asset Base ILC Spinoff Successfully Listed May 24, 2011 TNR shareholders received 1 unit for every 4 shares of TNR held
  • 5. Alaska Projects 1. Shotgun (Au) Fort Knox Donlin Style intrusion associated gold Pogo Donlin Shotgun Pebble • Donlin, owned by Barrick and NovaGold, has M&I resources of 39 million ounces gold*. *Novagold website
  • 6. Shotgun Project, Alaska Inferred Resource Estimate *: Shotgun Resource Estimate - modelled at an ~ 0.3 to 0.5 g/t cut-off. Au Cut-off Tonnes Grade (g/t) Ounces 0.3 g/t 24,509,842 0.96 759,442 0.5 g/t 20,734,313 1.06 705,960 0.7 g/t 14,779,225 1.24 590,600 1.0 g/t 9,101,458 1.49 437,365 * The Shotgun Ridge prospect contains an inferred mineral resource of 20,734,313 tonnes at 1.06 grams per tonne (“g/t”) for a total of 705,960 ounces gold (“Au”) using a 0.5 g/t Au cut-off. The inferred mineral resource estimate was prepared by Allan Armitage, PhD., P.Geol., of GeoVector Management Inc., a Qualified Person as defined by the Canadian Institute of Mining (CIM) Definition Standards for Mineral Resources and Mineral Reserves and the National Instrument 43-101 Standards of Disclosure for Mineral Projects. The Shotgun Zone mineral resource estimate, publicly reported on April 22, 2013, is based on 34 diamond drill holes (NQ) totalling 4,932.3 metres, with 2,481 assays (0.2 up to 10 metres in length). Holes were drilled by several operators in five drill campaigns conducted between 1984 and 2012. The 34 drill holes are spaced primarily 40 to 100 metres apart in an area of approximately 375 x 300 metres. The drill holes tested mineralization to a vertical depth up to 150 metres. A resource model for the Shotgun Zone was constructed based on the distribution of the gold mineralization (> 0.3 to 0.5 g/t Au) and this model was used to constrain the composite values chosen for interpolation. A block model with block dimensions of 5 x 5 x 5 metres in the x, y and z directions was placed over resource model solids with only that proportion of each block below the topographic/overburden surface and inside the solid recorded. Grades for gold were interpolated into the blocks by the inverse distance squared (“ID2”) method using a minimum of 2 and maximum of 12 composites to generate block grades in the Inferred resource category. The search ellipse used to interpolate grade into the blocks measured 110 x 60 x 110 (Principle Az – 235°, Principle Dip - 25°, Intermediate Az.- 325°). The size and orientation of the search ellipse approximates the strike, dip and thickness of the resource model and takes into account the limited drilling and relatively wide spacing of the drilling. There are currently no known encumbrances with regards to legal, political, environmental or other risks that could materially affect the potential development of the Shotgun Ridge prospect, and however, the EPA is conducting an environmental review of the Bristol Bay watershed in response to the proposed development of the Pebble Deposit, approximately 150 kilometres to the southeast of Shotgun Ridge. The mineral resources reported herein are classified as inferred mineral resources according the CIM Definition Standards for Mineral Resources and Mineral Reserves. No economic studies were undertaken on this mineral resource estimate and it should be noted that mineral resources are not mineral reserves and there is no guarantee that the current mineral resource at Shotgun Ridge will result in an economically viable deposit.
  • 7. Shotgun Project, Alaska • 4 mineralized target areas • 96 mineral claims (3,658 ha) Exploration Drilling History PROSPECT COMPANY YEAR DRILLING (m) Cominco NovaGold TNR Gold 1984,88 1998 2006 2012 TNR Gold 2005 301 TNR Gold 2005 145 TNR Gold 2005 2006 535 1,118 Shotgun Ridge 226 3,107 762 814 Shot King Winchester 7,008 25 km • Elevation: 200 – 850m Camp
  • 8. Shotgun Project, Alaska • Predominantly underlain by Cretaceous sediments of the Kuskokwim Group • Granite to syenite intrusive bodies intruded the Kuskokwim Group • Some of these intrusions appear to be directly related to gold mineralization • north-south oriented string of gold prospects Ridges that are resistant to weathering are indicative of alteration centers and are the Prime Exploration Targets 25 km Geology
  • 9. Shotgun Ridge – 2006 Drill Program 06-43 @ 102m 27.4m of 2.3 g/t Au • TNR’s drill hole 2006-43 returns 210m of 1.29g/t Au, including 27.4m of 2.3 g/t Au • Drilling reveals a model of “Southwest dipping mineralized zones” • New potential to significantly expand mineralization at depth
  • 10. 2011: 3D IP/Resistivity Survey 3D Modelled Resistivity 50m below surface 06-43 @ 102m 100m 27.4m of 2.3 g/t Au • In 2011, TNR conducted a 3D IP and Resistivity survey over the Shotgun Ridge prospect • Results were able to map structural controls on mineralization in 3D, through the ridge • These interpretations provided a basis for 2012 drill targeting
  • 11. Shotgun Ridge –2012 Drilling on 3D IP • Location of 2012 drill holes relative to DDH 06-43 • Drill holes plotted in sliced section through semitransparent 3D IP voxel 50m 40m 100m 12-56 06-43 12-57 12-58 OPEN • 2012 drilling designed to test and confirm structural model of mineralization along strike and at depth – mineralization remains open at depth • Resistivity and chargeability jointly correlate with gold mineralization
  • 12. Shotgun Ridge – 2012 Drilling Program NE-Zone Mid-Zone SW-Zone 22m of 2.86 g/t Au 27.4m of 2.3 g/t Au • DDH 12-56 drilled 50m northwest of 06-43 • 12-56 returns 242m of 1.25g/t Au, including 22.1m of 2.86 g/t Au • Grade continuity is confirmed between two previous fences
  • 13. Shotgun Ridge – 2012 Drilling Program NE-Zone Mid-Zone SW-Zone 22m of 2.86 g/t Au 27.4m of 2.3 g/t Au 18.4m of 2.03 g/t Au • DDH 12-57 and 12-58 drilled 40m south-southwest of 06-43 • 12-57 returns 209m of 1.02g/t Au over all three zones (SW+Mid+NE) • 12-58 returns 46.55m of 1.14 g/t Au over the SW zone
  • 14. Shotgun Ridge – 2012 IP Surveys 100m • Mineralization in 12-56 shows good correlation with chargeability • Higher gold grades encountered in Quartz-Feldspar-Porphyry (QFP) • Mineralization is shallow and open at depth (ie topographic effect)
  • 15. Shotgun Ridge – 2012 IP Surveys SW Zone ? NE Zone • Mineralization in 12-57 shows NE Zone continuing down-dip in structure defined by IP • 12-58 shows elevated gold grades encountered down-dip in SW Zone • Mineralization is open at depth – relative chargeability low shows much more potential
  • 16. Shotgun Ridge – Expanded Target Area Kuskokwim Sediments 3D IP/Resistivity surveys expand the target area at Shotgun Ridge • Zone of mineralization and current resource estimate (slide 6) • Mineralization mostly in Qtzfeldspar porphyry (QFP) Qtz-feldspar porphyry 1500m Generalized Geology at Shotgun Ridge
  • 17. Shotgun Ridge – Expanded Target Area Kuskokwim Sediments 3D IP/Resistivity surveys expand the target area at Shotgun Ridge • Zone of mineralization and current resource estimate (slide 6) • Mineralization mostly in Qtzfeldspar porphyry (QFP) Qtz-feldspar porphyry • 3D IP shows higher chargeabilities in QFP 1500m • Elevated chargeabilities connected at depth Generalized Geology at Shotgun Ridge 3D IP level plan at 600m elevation • Significant potential to add to gold resource
  • 18. Shotgun Ridge – Understanding Targets Kuskokwim Sediments ? Targets are defined by structural interpretation and 3D IP surveys • NE trending structures w/ strike slip movement • Mineralization mostly in QFP breccia zones, sub parallel to ridge topography ? Qtz-feldspar porphyry • Structural repetition interpreted from geophysics 1500m • Opportunity to significantly expand resource Generalized Geology at Shotgun Ridge • Mineralization open at depth 3D IP level plan at 600m elevation
  • 19. Shotgun Ridge – Understanding Targets Kuskokwim Sediments ? Targets are defined by structural interpretation and 3D IP surveys • NE trending structures w/ strike slip movement • Mineralization mostly in QFP breccia zones, sub parallel to ridge topography ? Qtz-feldspar porphyry • Structural repetition interpreted from geophysics 1500m • Opportunity to significantly expand resource Generalized Geology at Shotgun Ridge • Mineralization open at depth Regional Magnetic Image
  • 20. Shotgun Project, Alaska • Shotgun Ridge is just one of multiple gold target areas • Gold mineralization identified at each prospect: Shot, King, and Winchester • This group of prospects forms a distinct gold district held 100% by TNR • Surface geochemistry identifies multiple gold anomalies with no known source • Poor outcrop limited prospecting efforts in the past • IP surveys identify mineralized areas 25 km Camp Scale Opportunity
  • 21. Summary Discovery and Early Exploration • 1998 mineralization is interpreted to have a “cap” or inverted bowl shape • 2006 mineralization reinterpreted as structurally controlled with deep feeders • Structurally controlled “Southwest Dipping Mineralized Zones” identified • IP and resistivity surveys highlight gold mineralized breccias (hornfelsed sediments and porphyritic intrusive) • 2012 drill program designed to test predictability of mineralized zones • Mineralization model confirmed Way Forward – Advanced Exploration and Resource Definition 1. Acquire strategic partner to jointly advance project 2. Ensure stakeholders are informed on project developments, and maintain best practises for community relations and involvement 3. Design significant drill program to define full resource potential 4. Explore potential of other target areas (Shot, King, and Winchester)
  • 22. Contact Information Address P.O. Box 11604 620 - 650 West Georgia St. Vancouver, British Columbia V6B 4N9, Canada Phone: (604) 687-7551 Fax: (604) 687-4670 Toll Free: 1-800-667-4470 E-mail: info@tnrgoldcorp.com Caroline Klukowski Manager, Corporate Communications E-mail: ck@tnrgoldcorp.com Gary Schellenberg President E-mail: cmggary@gmail.com
  • 23. Disclaimer The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this presentation. Statements in this presentation other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company’s future plans and objectives or expected results, are forward-looking statements. This presentation contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company’s business, including risks inherent in resource exploration and development. As a result, actual results might vary materially from those described in this presentation. Readers should verify any & all claims and do their due diligence before investing in any securities mentioned. Investing in securities is speculative and carries a high degree of risk. Disclosure John Harrop, PGeo, FGS, Vice President of Exploration of the Company is a "Qualified Person" as defined under NI 43-101 has reviewed and approved the technical content of this document.